USDZAR is approaching our first support at 6.6135 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 6.7134 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price.
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price.
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